NOT LISTED FOR SALE

8114 Cole St Downey, CA 90242

Estimated Value: $847,000 - $1,002,000

3 Beds
3 Baths
1,820 Sq Ft
$505/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $760,000 $418 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,721/month

24 Days on Market

Highlights

  • RV Access or Parking
  • Bonus Room with Fireplace
  • Cooling System Mounted To A Wall/Window
  • Warren High School Rated A-
  • Private Yard
  • Living Room

About This Home

As of November 2021

Calling all investors and builders. Great opportunity to own two units in the heart of Downey on a beautiful street. Front House is 2 bed/1 ba, plus a den. Back house is 1bed/2 ba, plus 2-car garage. Property is zoned R1 5,000 and lot is 7,914. City may allow a detached ADU of up to 1,000 sq. ft. Check with City of Downey on any and all restrictions. Both Units need lots of work.

Last Agent to Sell the Property

Dorothy Pemberton

Century 21 Masters License #00903993 Listed on: 10/05/2021

Century 21 Masters

Last Buyer's Agent

Mel Robles

Century 21 Allstars License #02085350

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,081

Year Built

  • Built in 1940

Lot Details

  • 7,914 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Needs Fence Repair
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • RV Access or Parking

Home Design

  • Duplex
  • Major Repairs Completed
  • Brick Exterior Construction
  • Raised Foundation
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,820 Sq Ft Home
  • Living Room
  • Bonus Room with Fireplace
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Tract Number 19090
  • Assessor Parcel Number 6259003022
  • $531 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,081

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 325000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Zoning: DOR105
  • Property Condition: Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6259003022
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Laminate Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Concrete, Laminate
  • Fireplace Features: Bonus Room
  • Price Per Square Foot: 417.58
  • Room Type: Bonus Room, Kitchen, Living Room

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Fence: Yes
  • Fencing: Block, Chain Link, Needs Repair
  • Pool Private: No
  • Construction Materials: Brick, Concrete, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 7914.00
  • Lot Size Acres: 0.1817

Multi Family

  • Lot Size Area: 7914.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5512.01
  • Tax Tract Number: 19090
  • TaxOtherAnnualAssessmentAmount: 531.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Nov 8, 2021
Sold by
Baham Carolyn Shepard and Baham Daniel B
Bought by
Garcia Jose Luis and Garcia Griselda
Seller's Agent
Dorothy Pemberton
Century 21 Masters
Buyer's Agent
Mel Robles
Century 21 Allstars
List Price
$650,000
Sold Price
$760,000
Premium/Discount to List
$110,000
16.92%
Current Estimated Value
$919,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,763
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
May 13, 2015
Sold by
Baham Carolyn Shepard and Shepard Marilyn Marie
Bought by
Baham Carolyn Shepard and Baham Daniel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2012
Sold by
Baham Carolyn Ann and The Rodney O Shepard Living Tr
Bought by
Baham Carolyn Shepard and Shepard Marilyn Marie

Purchase Details

Closed on
Jul 14, 2006
Sold by
Shepard Rodney O
Bought by
Shepard Rodney O and The Rodney O Shepard Living Tr

Purchase Details

Closed on
Nov 7, 2005
Sold by
Shepard Rodney O
Bought by
Shepard Rodney A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garcia Jose Luis $760,000 Fidelity National Title
Baham Carolyn Shepard -- Wfg Title Company
Baham Carolyn Shepard -- None Available
Shepard Rodney O -- None Available
Shepard Rodney A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baham Carolyn Shepard $367,500
Previous Owner Shepard Rodney A $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $760,000 +16.9% $418 / Sq Ft
11/02/2021 11/02/21 For Sale $650,000 -14.5% $357 / Sq Ft
10/26/2021 10/26/21 Off Market $760,000 -- --
10/05/2021 10/05/21 For Sale $650,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,081 $806,517 $636,724 $169,793
2024 $10,081 $790,704 $624,240 $166,464
2023 $9,736 $775,200 $612,000 $163,200
2022 $9,246 $760,000 $600,000 $160,000
2021 $4,860 $379,053 $232,778 $146,275
2020 $4,788 $375,168 $230,392 $144,776
2019 $4,738 $367,813 $225,875 $141,938
2018 $4,585 $360,602 $221,447 $139,155
2016 $4,439 $346,601 $212,849 $133,752
2015 $1,322 $79,508 $38,531 $40,977
2014 $1,276 $77,952 $37,777 $40,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21221596

California Regional Multiple Listing Service (CRMLS)

APN: 6259-003-022